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Northstar’s Samudra Energy eyes $250m Singapore IPO

9 Jul 2014

Private equity-backed energy business Samudra Energy is reportedly looking to raise between $200m and $250m via an IPO on Singapore’s stock exchange.

The company, which is controlled by private equity firm TPG’s Indonesian affiliate Northstar Group, is currently in talks with potential investors and the pre-marketing stage will continue for two weeks, said IFR.

Bookbuilding for the IPO is expected to start in late July or early August. Credit Suisse and Nomura are the joint global co-ordinators and bookrunners with CIMB, said IFR.